PEM perilya limited
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We all know now the value of Mt Oxide is much less than what we...

  1. JorW
    92 Posts.
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    12/09/08
    01:59
    Post #: 4257563
    We all know now the value of Mt Oxide is much less than what we thought it was, I think they have problem finding buyer/joint venturer who have great interest in Mt Oxide.
    Chalice Market Cap is only $7million, this means Mt Oxide is valued at $19million.
    The fact that they failed to generate cash from this transaction indicates that Mt Oxide resource worth less than $19milion.
    Bad decision IMO.
    PEM Price at posting: 18.7¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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